THV system, final edition | Page 323 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #6,441
  • Feb 20, 2009 9:56am Feb 20, 2009 9:56am
Quoting BeachBum
Others I believe are using the 1 Hour chart; here's what I do.

I want the 1H to establish the trend. First I watch for the fast Trix line to change color; this is an early alert that the short term trend is about to change. Next a cross of the 2 Trix lines. At this point I drop down to the 5M and wait for an appropriate signal in the same direction as the 1H trend. A Divergence signal on the 1H or higher also deserves attention. One thing I have added to the chart is a non-log MA set to 13; on the 1H chart this is an easy way to see the trend...
Great information Beachbum. I switched from the 30 min chart to the 1 hr chart 2 days ago as I wanted a larger time frame to see the trend. Thanks for confirming my decision.
txtaz
  • #6,442
  • Feb 20, 2009 10:05am Feb 20, 2009 10:05am
Quoting BeachBum
Others I believe are using the 1 Hour chart; here's what I do.

I want the 1H to establish the trend. First I watch for the fast Trix line to change color; this is an early alert that the short term trend is about to change. Next a cross of the 2 Trix lines. At this point I drop down to the 5M and wait for an appropriate signal in the same direction as the 1H trend. A Divergence signal on the 1H or higher also deserves attention. One thing I have added to the chart is a non-log MA set to 13; on the 1H chart this is an easy way to see the trend...

I understand and trade in a similar way. My problem is that I get a lot of interruptions and end up missing entry opportunities.

Maybe I should rephrase the question and ask if anybody is using weekly/daily/4 hour charts to establish trends and then using the 1 hour divergence as the trigger the same way as perhaps you are using the 1 hour to establish the trend for trades you are taking in 5 min or 1 min TF.

Again - thank you for your input...


T...
  • #6,443
  • Feb 20, 2009 10:09am Feb 20, 2009 10:09am
I loaded the Trix Ind. on 2 computers from this thread and 2 different posts, but one computer shows the green overbought line and the red oversold line but the other does not show these lines at all. Was there any bug in the Trix in an earlier version that was fixed later? Thanks for the reply

Regards,
Cigarguy
Keep It Simple
  • #6,444
  • Feb 20, 2009 10:11am Feb 20, 2009 10:11am
Hello everyone,
they say " trend is your friend".
Look bellow on chart
Attached Image (click to enlarge)
Click to Enlarge Name: trend_reinbow.gif Size: 55 KB

Daily trend (upper chart) tell us- trend is down.(it is coloured GMMA - >red MA are over green MA)
THV chart - we can gain more pips trade agains main trend
I'd like to ask you - which trend is your friend ?
  • #6,445
  • Feb 20, 2009 10:13am Feb 20, 2009 10:13am
Quoting tsquad
I look at the 1 hour chart and look at the past divergence signals and think "wow - I am missing a lot of pips!!!"

So, I was wondering, is anybody trading divergence off of the 1 hour (or higher) TF or is everybody making so many pips on the shorter TF that no one has explored that as yet?
I usually think that same phrase when looking at past behaviour on M1 charts! (...j/k...). As it is Friday and it's time to start relaxing, I am enclosing an (hypothethical) scalping chart of a tight range pre-europe and london open.

That's what could be made in about 2 hours if totally focused and fast-triggering... (got about half of it, in 6 times more that time, and about the same quantity of trades, lol. Was doing other things meanwhile.)

The point is: pips there are, and plenty. They are not "missed" unless they're lost. Not trading is also trading.

Now, divergences on higher timeframes will last and run longer than in small TFs. So I would consider them as more reliable, BUT... in the meantime they start the corresponding trend, price could dance a bit around in opposite direction, which in a higher TF means a much wider stop.

The system is reliable on ANY timeframe, but applying all the rules, including that part: ATR(20)*3 as a safe stop-loss. If your account allows for it, H1 can be a good option. I have backtested on H4 though not for a long time because going tick by tick in the simulator even at full speed is quite boring as in that timeframe it seems it's not moving at all... but the system performs the same, only that of course, the needed stops have to be set.

Have fun!
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.gif Size: 26 KB
  • #6,446
  • Feb 20, 2009 10:16am Feb 20, 2009 10:16am
Quoting txtaz
Missed the early down move but got this one. Entered at 1.2613, out at 1.2647 right at resistance line.

Hi can you post if you want acn you post your template with the indicators you are using please, it is very interesting.... thx Max
  • #6,447
  • Feb 20, 2009 10:26am Feb 20, 2009 10:26am
Quoting maximus2005
Hi can you post if you want acn you post your template with the indicators you are using please, it is very interesting.... thx Max
I don't quite understand your question. I'm trading the THV3 system
as posted on page 1 of this thread. Go to page 1 and download the zip file and the manual. Follow the instructions in the manual to set up your platform.
txtaz
  • #6,448
  • Feb 20, 2009 10:27am Feb 20, 2009 10:27am
I am not on Windows Vista...I have windows XP Professional, with a licensed copy of WinZip...I will seek a download on winrar.
  • #6,449
  • Feb 20, 2009 10:34am Feb 20, 2009 10:34am
Every trend has 'cycles'. Remember the Daily trend contains many of these 'cycles' on smaller time frames. It's the trader's choice whether to 'only' trade WITH the larger trend or not. Either strategy can be successful......

Quoting RobertFx
Hello everyone,
they say " trend is your friend".
Daily trend (upper chart) tell us- trend is down.(it is coloured GMMA - >red MA are over green MA)
THV chart - we can gain more pips trade agains main trend
I'd like to ask you - which trend is your friend ?
  • #6,450
  • Feb 20, 2009 10:36am Feb 20, 2009 10:36am
Possible H & S forming 5m and 15 m charts ? eur/usd

Cigarguy
Keep It Simple
  • #6,451
  • Feb 20, 2009 11:04am Feb 20, 2009 11:04am
Last trade of the day. In at 1.2644, out at 1.2696 at MR1. Left some on table, but that's ok I guess. Great day today. Enjoy the weekend everyone!
Attached Image (click to enlarge)
Click to Enlarge Name: quick.gif Size: 32 KB
txtaz
  • #6,452
  • Feb 20, 2009 11:04am Feb 20, 2009 11:04am
Well, it FINALLY happened......a good DUAL PINCH on a larger TF Chart!
Edit: I mean....T3 crossing Coral while Coral is green...we got it ALL here!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot #13.gif Size: 33 KB
Click to Enlarge Name: screenshot #14.gif Size: 33 KB
  • #6,453
  • Feb 20, 2009 11:09am Feb 20, 2009 11:09am
Guess I should have stayed in the trade huh?
txtaz
  • #6,454
  • Feb 20, 2009 11:10am Feb 20, 2009 11:10am
Guess that was the way to close the gap from Last weekend -
Pip what you see; See what you pip!
  • #6,455
  • Feb 20, 2009 11:22am Feb 20, 2009 11:22am
Just a little fundamental approach...

Here are some of today's breaking headlines on the News Section... one is missing and mysteriously disappeared but was in first place all along just before Euro news started being released, and a while after as well... with a very dubious bias towards an Euro fall (obviously).

Too many people crying "WOLF! WOLF!" I guess...
Something to ponder...

(in addition, as a funny sidenote: bad news for the Euro, good news for the USD. Some contrarian world we're in, ain't it true?)
Attached Image
  • #6,456
  • Feb 20, 2009 11:23am Feb 20, 2009 11:23am
I missed the last upward move on GU from the chart below after a period of say 25-30mins in a Descending Triangle. The price broke the up limit and rallied about 140 pips.

Not really sobbed about the loss cos have made even more today

This system is the bomb not because of anything but it's clarity.

THV Crew... Keep it UP
Attached Image (click to enlarge)
Click to Enlarge Name: Noname.jpg Size: 101 KB
Trading Just Got Easier...
  • #6,457
  • Feb 20, 2009 11:24am Feb 20, 2009 11:24am
Quoting traderathome
Well, it FINALLY happened......a good DUAL PINCH on a larger TF Chart!
Edit: I mean....T3 crossing Coral while Coral is green...we got it ALL here!
It was a long ride that came good.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot #15.gif Size: 34 KB
  • #6,458
  • Feb 20, 2009 11:34am Feb 20, 2009 11:34am
Quoting traderathome
Well, it FINALLY happened......a good DUAL PINCH on a larger TF Chart!
Edit: I mean....T3 crossing Coral while Coral is green...we got it ALL here!
I guess I missed that class... what do you mean exactly by "dual pinch"? (I guess it's both BBs pinching, of course, but...)
And could you share your settings for the dotted BB at least? seems to me it's not aligned (MA) with the other one, so there must be something I don't know

Sorry for the BB off-topic... though the first one who mentioned them lately was Cobra
  • #6,459
  • Feb 20, 2009 11:37am Feb 20, 2009 11:37am
but got some good ones on the way down...

1.) 5 min trix turned red...PA looked exahusted...
2.) Break of the cloud and T/L on the 1 min

Good for 30 + pips...


PS: Don't mind my wacky T/Ls in the 1 min those were from earlier today...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: thv 3 83.gif Size: 26 KB
Click to Enlarge Name: thv 3 84.gif Size: 26 KB
Deprive a man of everything and you give him nothing to lose.
  • #6,460
  • Feb 20, 2009 11:44am Feb 20, 2009 11:44am
Nice bull flag...
Attached Image
7 traders viewing now